The meat sector is adjusting to the supply and demand imbalances in the feed sector of the past three years, which has incited swings in feed prices. Beef and sheep meat farmers are enjoying a period of higher prices, but those producing white meats, require supply adjustment to avoid further financial difficulties. Faced with high production costs, restricted access to credit, high energy costs and a subdued demand during the financial crisis, cattle farmers culled their herds. This initially resulted in a sustained supply of meat products, and prices fell sharply. Prices started to recover as economies pulled out of recession. The red meats sector had liquidated breeding animals and was unable to rapidly satisfy the increasing post-recession demand. As a result, prices recovered strongly in 2010. The supply of pig and particularly poultry meat responded more quickly to the higher demand and, as a result, prices recovered at a slower pace than those of red meats.